United States:
FINRA Provides Guidance On Reporting Short Interest Positions
11 December 2017
Cadwalader, Wickersham & Taft LLP
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FINRA issued guidance to remind firms of their
obligation to report short positions by individual firm or customer
account on a gross basis. The guidance emphasizes the requirements
under Rule 4560. Firms that hold positions in master/sub or
parent/child accounts must report short interest based on the short
position in each sub or child account. FINRA noted that firms often
incorrectly report net short interest for each account grouping
(i.e., by master or parent account) instead of on a gross
basis for each account.
The content of this article is intended to provide a general
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